US30: First green day, three days cycle

2024年6月3日

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“Trade setups, not movements”

1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)

• Monday DAY 1 Opening Range ✅ day 3 cycle
  
• Tuesday DAY 2 Initial Balance
  
• Wednesday DAY 3 (reset DAY 1) Mid Point Week
  
• Thursday DAY 2
  
• Friday DAY 3 Closing Range
  

2. SIGNAL DAY

• First Red Day
  
• First Green Day ✅
  
• 3 Days Long Breakout
  
• 3 Days Short Breakout
  
• Inside Day
  

3. WEEKLY TEMPLATE

• Pump&Dump
  
• Dump&Pump ✅
  
• Frontside ✅
  
• Backside
  

4. THESIS:

• Long: primary, looking for a buy low setup going back to the previous HOW, completing the weekly dump and pump.
  
• Short: secondary, market left a "gap" during the strong momentum push of Friday, I wouldn't exclude a short trade setup during the third hour NY (10am), if a buy low is presented.
  

Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni

2024年6月3日

ノート

Daily overview


At the moment it looks like setting up for a dump and pump

2024年6月3日

ノート

Waiting for the news release, currently the market consolidating on the LOD.. dump and pump scenario? Every entry from 10:01am NYT

2024年6月3日

ノート

Piece working lower at the LOD, not consolidating for an explosive reversal, no trade

2024年6月4日

ノート

I have to admit that US30 yesterday setup perfectly for a reversal trade back to the breakout traders of Friday, note the lower low during NY session for a pump and dump, price below the ema 5 min chart. However the week has just started!